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U.S. Securities and Exchange Commission

Investor Complaints and Questions

FY 2012 Annual Complaint Data

During FY 2012, the SEC's Office of Investor Education and Advocacy closed 29,291 files relating to complaints, questions, and other contacts received from investors, a decrease of 4,341 files compared to FY 2011.  Comparable data for FY 2010 and prior fiscal years is not available due to a change in reporting methodology.

TEN MOST COMMON COMPLAINTS

Row 1;Ponzi/pyramid scheme;4083
Row 2;Advance fee fraud;1122
Row 3;Manipulation of securities/prices;1083
Row 4;Trade execution;749
Row 5;Account administration and processing (maintenance, including account closing and redemption issues);683
Row 6;Account administration and processing (matters relating to daily activity in an account);663
Row 7;Specific market events (comments and complaints);618
Row 8;General allegations of fraud (issuer);451
Row 9;Delivery of funds/proceeds;439
Row 10;Transfer of account;426



1 The vast majority of these complaints related to a particular highly publicized SEC enforcement action.  

2 The vast majority of these complaints related to a particular highly publicized initial public offering. 



 

 

http://www.sec.gov/news/data.htm


Modified: 1/30/2013